Loan to Buy La Weight Loss Center Franchise Issued By Cit Small Business Lending Corp

Need a loan to purchase a La Weight Loss Center franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

If you live near Rock Island, Illinois and are interested in buying a La Weight Loss Center franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Cit Small Business Lending Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

LA WEIGHT LOSS CENTERS
ROCK ISLAND, IL 61201

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812191 - Diet and Weight Reducing Centers

Loan Approval Date

8/31/2001

Loan Approval Gross Amount

$152,900

Loan Approval from the SBA

Of the total $152,900 loan amount, the SBA guaranteed $114,675.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a La Weight Loss Center franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $152,900 loan. Remember, you control your own destiny.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

LA Weight Loss Centers

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Small Business Banks in Livingston, New Jersey

Getting an SBA Loan in New Jersey